Citi Financial Reporting Analyst – Credit Risk in Budapest, Hungary

  • Primary Location: Hungary,Budapest,Budapest

  • Education: Bachelor's Degree

  • Job Function: Finance

  • Schedule: Full-time

  • Shift: Day Job

  • Employee Status: Regular

  • Travel Time: No

  • Job ID: 18013280

Description

Job Purpose:

Financial Reporting Analyst specialised in Credit Risk reporting under Basel2/3. Responsible for the preparation of Credit Risk related financial returns for select EMEA legal entities within Citigroup.

Credit Risk, including Counterparty Credit Risk and Large Exposures is generating the bulk of the capital requirements for Citigroup’s EMEA legal entities, and is a continuously evolving area with immense focus from regulators and senior management alike. The Financial Reporting Analyst will prepare reports covering different aspects of the credit risk charge, and execute controls to ensure accurate and consistent monitoring and reporting across one or multiple countries and legal vehicles.

The Financial Reporting Analyst will liaise with several departments outside of Finance, most of them located overseas, thereby gaining exposure to a broad range of international stakeholders.

Job Background:

EMEA Regulatory Reporting Citi Service Centre (CsC) in Budapest is a key part of the Finance function. It is Citi’s pioneering centre on a global scale where local regulatory reporting professionals work together in a central location, to ensure consistent quality of local regulatory reporting across multiple jurisdictions and legal vehicles.

The CSC is organized into 6 groups based upon reporting type and function:

  • Credit Risk reporting team covers Basel2/3 Credit Risk monitoring and reporting (including Counterparty Credit Risk and Large Exposures)

  • Market Risk reporting team covers Basel2/3 Market Risk processes (including Value at Risk and Standard Model approaches)

  • Statistical Reporting team covers Central Bank reporting for key monetary statistics, based on which important monetary policy decisions are made

  • By-desk and Advisory team monitors the desks’ capital usage versus the assigned targets and support in Advisory related daily tasks

  • Controls and Standardisation team ensures consistency of controls across the above areas

  • Reginsight implementation team responsible for new systems implementation

The department’s role encompasses the identification of exposures, calculation of the Regulatory Capital Requirements and production of analysis covering liquidity, credit risk and market risk and statistical reporting for regulated legal vehicles in EMEA.

Members of the CSC always strive to improve processes and strengthen the control environment, while continuing to make Citi a great place to work.

Key Responsibilities:

Responsibilities include:

  • Produce and deliver daily, weekly, monthly & quarterly prudential regulatory reporting returns including daily monitoring of capital adequacy and large exposures based on Basel III rules as well as COREP reports

  • Maintenance and further development of controls & reports including reconciliations, static data & variance analysis to ensure correctness of reports

  • Ongoing review and development of current processes to increase efficiency

  • Liaise with multiple departments on a global, regional and country level (including Projects, Financial Control, Treasury, Risk, Operations) to resolve issues

  • Check and ensure that procedures, process notes and policies are up to date and applied to adequately cover rules and regulations

  • Provide support to Country Finance teams on an ad-hoc basis (e.g. audits, regulatory inquiries)

  • Proactively identify, escalate and help resolve issues related to prudential reporting

  • Participate in projects to implement any new or changing regulatory requirements

  • Participate in projects aimed at enhancing the regulatory reporting system infrastructure

  • Ensure best practices are identified and applied to all processes regardless of country

Development Value :

• Exposure to a broad range of banking products carrying credit risk, including securities and loans, guarantees, OTC and ETD derivatives, secured financing transactions

• Opportunity to become an expert in COREP and CRD4

• Opportunity to gain a good working understanding of the Finance Division of a major investment bank

• Experience of working within a complex matrix organisation

• Gain experience of managing relationships

Qualifications

Knowledge and Experience:

• 2-3 years of work experience in financial reporting / auditing roles

• Prior experience in a regulatory or risk reporting role is an advantage

• Advanced MS Excel knowledge

• Fluent English knowledge

• Able to show excellent attention to detail in a demanding work environment

• Demonstrate ability to meet reporting and project deadlines

Skills:

• Excellent communication skills, both written and oral

• Excellent attention to detail

• Confident in ability to achieve objectives by dealing with a range of senior/junior staff across a number of disciplines

• Excellent analytical skills

• Good working knowledge of Microsoft Office packages, particularly Excel

• Time management

Qualifications:

• University / College degree in finance / accounting

• CIMA / ACA or equivalent

• Knowledge of capital and financial market products and Basel II/III are an advantage

Competencie s:

• Highly motivated with advanced analytical & problem solving abilities

• Ability to interpret & implement regulatory guidelines & professional standards

• Demonstrated ability to complete tasks within tight deadlines

• Enthusiastic team player

• Professional communication & interpersonal skills